Which of the Following Would Explain Why Josh's Limo Service

question 44

Multiple Choice

Which of the following would explain why Josh's Limo Service might increase its demand for limo drivers?

• A) a rise in the price of a limo ride
• B) a decrease in the demand for limo rides
• C) a fall in the price of a taxi ride
• D) a rise in the wage paid to limo drivers

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity.

Static Budgets

A budget that is created for a single level of activity and does not change in response to variations in business activity levels.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels within a business.

Total Budgeted Cost

The aggregate estimated costs of various aspects for a project or a business operation for a specific period.